Relx Plc (NYSE:RELX) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management reduced its stake in shares of Relx Plc (NYSE:RELX) by 55.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,400 shares of the technology company’s stock after selling 8,044 shares during the period. Financial Advocates Investment Management’s holdings in Relx were worth $291,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC acquired a new stake in Relx in the 2nd quarter valued at $433,000. Dynamic Advisor Solutions LLC purchased a new position in Relx during the third quarter valued at $248,000. Wedmont Private Capital boosted its holdings in Relx by 10.0% in the 3rd quarter. Wedmont Private Capital now owns 5,555 shares of the technology company’s stock worth $256,000 after buying an additional 507 shares during the last quarter. First Affirmative Financial Network purchased a new stake in shares of Relx during the third quarter worth approximately $316,000. Finally, Procyon Advisors LLC raised its position in shares of Relx by 4.1% in the third quarter. Procyon Advisors LLC now owns 6,734 shares of the technology company’s stock valued at $320,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

RELX has been the subject of a number of analyst reports. Redburn Atlantic started coverage on shares of Relx in a report on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com started coverage on shares of Relx in a research note on Wednesday, October 30th. They issued a “hold” rating for the company.

Relx Trading Down 0.8 %

NYSE:RELX opened at $49.98 on Monday. Relx Plc has a 52 week low of $40.25 and a 52 week high of $50.84. The stock’s fifty day moving average is $47.45 and its two-hundred day moving average is $46.98. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.42 and a current ratio of 0.48.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.